Vontobel Holding Ltd. Purchases Shares of 3,565 Toll Brothers, Inc. (NYSE:TOL)

Vontobel Holding Ltd. purchased a new stake in Toll Brothers, Inc. (NYSE:TOL) during the 4th quarter, Holdings Channel.com reports. The fund purchased 3,565 shares of the construction company’s stock, valued at approximately $366,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in Toll Brothers by 87.1% in the 3rd quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock valued at $37,000 after buying an additional 230 shares during the period. Castleview Partners LLC bought a new stake in Toll Brothers in the 3rd quarter valued at $37,000. Baker Avenue Asset Management LP increased its holdings in Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after buying an additional 127 shares during the period. Fifth Third Bancorp grew its holdings in shares of Toll Brothers by 26.1% in the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after purchasing an additional 156 shares during the last quarter. Finally, Western Pacific Wealth Management LP grew its holdings in shares of Toll Brothers by 103.3% in the 3rd quarter. Western Pacific Wealth Management LP now owns 1,220 shares of the construction company’s stock worth $90,000 after purchasing an additional 620 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TOL shares. Wolfe Research raised shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 target price on the stock in a report on Monday, January 8th. JPMorgan Chase & Co. upped their target price on shares of Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Barclays upped their target price on shares of Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a report on Monday, February 26th. Wedbush reaffirmed a “neutral” rating and issued a $87.00 target price on shares of Toll Brothers in a report on Wednesday, February 21st. Finally, Seaport Res Ptn downgraded shares of Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.80.

Toll Brothers Stock Performance

Toll Brothers stock opened at $119.50 on Wednesday. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. Toll Brothers, Inc. has a 1 year low of $61.17 and a 1 year high of $130.63. The company has a market cap of $12.45 billion, a PE ratio of 9.23, a PEG ratio of 0.95 and a beta of 1.66. The company’s 50-day moving average is $118.01 and its two-hundred day moving average is $99.95.

Toll Brothers (NYSE:TOL) last released its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.48. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the company posted $1.70 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Equities analysts anticipate that Toll Brothers, Inc. will post 13.71 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, April 4th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 0.77%. Toll Brothers’s dividend payout ratio is presently 7.11%.

Insider Buying and Selling at Toll Brothers

In related news, Director Stephen F. East sold 1,500 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now directly owns 9,389 shares in the company, valued at approximately $1,120,295.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Stephen F. East sold 1,500 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now directly owns 9,389 shares in the company, valued at approximately $1,120,295.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the completion of the sale, the chief executive officer now owns 346,382 shares in the company, valued at $41,167,500.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,500 shares of company stock worth $7,881,930. Company insiders own 1.54% of the company’s stock.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.